For Laura Martino, director of banking partnerships at CAFPI, the enlargement responds to an original defect. “ The Jeanbrun system aimed to encourage rental investment. It was still very complex in its implementation. The lack of knowledge and the restriction of the perimeter meant that basically we haven’t seen many yet. » With less than 10% of CAFPI transactions dedicated to rentalthe challenge is also to restore volume. However, several key parameters remain to be arbitrated.
What is officially validated at this stage
On the perimeter side, there is consensus on several parameters. The system extends to individual houses in the former, a segment massively represented in relaxed territories and until now largely excluded. The threshold of work required in the old one goes from 30% to 20% of the acquisition price according to several concordant sources. Concretely, on a property purchased for 200,000 euros, the amount of work required drops from 60,000 to 40,000 euros. A lower step which makes medium renovation operations eligible, until now out of scope.
In terms of rental commitment, the basic plan provides for a duration of 9 years of rental in a main residence, with three possible regulated rent levels: intermediate, social or very social. There rental in the close family circle remains prohibited. The system is part of a 3-year period according to the government version, with an objective of temporary support for housing production.
The tax mechanism is based on a depreciation property deductible from land income. According to the government presentation, the annual deduction ceiling can reach 10,700 euros. For Laura Martino, enlargement is going in the right direction. “ The expansion of the Jeanbrun system as proposed by Valérie Létard will make it possible to boost therental investment and therefore necessarily provide more accommodation for those looking for accommodation to rent. »
What remains to be specified in the implementing decree
The system is announced as open everywhere in France for certain collective goods, but the priority or restricted areas in the expanded version have not been detailed. Likewise, the exact rent ceilings intermediate, social and very social, which depend on zoning have not been stopped. Before signing a compromise on the basis of the expanded Jeanbrun, it will be prudent to wait for the publication of these grids.
Thus, the principle of a ceiling is established but the precise scales and their articulation with the rent levels remain to be fixed, and if a jump of two classes in the DPE is mentioned in the elements intended for the press, the exact level of requirements retained in the official text is not known. For an investor who bets on a property classified F or G, the arbitrage will depend directly on this level.
Finally, last point, the timetable for entry into force of enlargement. The bill must follow its parliamentary journey before being implemented by decree. Laura Martino also tempers the expected effect on the overall credit market. “ We are still talking roughly 3% of the market”she recalls in view of the weight of rental in transactions. Investors already committed to a renovation operation can begin to structure their file, but caution remains necessary until the publication of the decree.
The final parameters of the system (zones, ceilings, rates, energy requirements, calendar) will be set in the final adopted text and its implementing decree. The elements presented here correspond to the announcements of the housing bill Sébastien Lecornu and the bill tabled by Valérie Létard on April 14, 2026.
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